How to Buy Obyte (GBYTE)

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Obyte (GBYTE) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate Obyte (GBYTE)

Once your deposit has been approved, you'll instantly have access to your finances and you can start buying and trading. To purchase Obyte (GBYTE) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

To locate Obyte (GBYTE), you will need to insert the shortname of the coin (GBYTE) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “GBYTE/BTC” to go ahead.

Step 4 – Acquisition of Obyte (GBYTE)

Once you have located Obyte (GBYTE), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate Obyte (GBYTE) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of GBYTE you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of GBYTE.

If you're satisfied, make a mouse click on “Buy GBYTE”. Your order will be filled as soon as a Seller sells their GBYTE for the price you offered.

Step 5 – Withdraw Obyte (GBYTE)

Unless you are regularly trading, never keep your crypto on an Exchange for an longer time frame. In order to take off your Obyte (GBYTE), hover over the tab called “Funds” and mouse click on “Withdraw”. Obyte (GBYTE) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Obyte (GBYTE) by using the given drop-down box. Enter the volumen of Obyte (GBYTE) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you are satisfied, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.